29 T And East LnFranklinNC28734
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Franklin at 29 T And East Ln, Franklin, NC, 28734 priced at $624,900 pairs $4,234/mo rent with $425/mo cash flow after a $3,059/mo payment. Total monthly income equals $4,234/mo, and annual cash flow comes to $5,101/yr on $205,592 invested. Return on cash invested is 22.54% in year one, and rental yield stands at 8.13% on a $624,900 basis. Equity gained on principal adds $4,032/yr, and 5% annual appreciation accumulates to $172,648 by year five. Five-year ROI measures 116.82% and total cumulative return in cash reaches $240,173. For financing, Ziffy Mortgage’s DSCR program evaluates $4,234/mo property income against a $3,059/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1963
2.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28734, Franklin, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,187 (100%) |
| Owner Occupied HU | 10,607 (55.3%) |
| Renter Occupied HU | 3,304 (17.2%) |
| Vacant Housing Units | 5,276 (27.5%) |
| Median Home Value | $288,734 |
| Average Home Value | $333,786 |
Housing Distribution
Address Breakdown
Residential
15,135
Single Family
14,538
Multi-Family
597
Businesses
1,128
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Listed by: Jonathan Tharp • KELLER WILLIAMS REALTY
Mls Name: My State MLS
Mls ID: #11590586